Do Twitter's investment bankers believe that the stock is headed down towards $30?

From Bloomberg:

Twitter's management and its bankers are happy with the IPO's outcome, according to a person with direct knowledge of their thinking. While they're not surprised the stock gained so much, because of the overhang in demand, they expect it to drop toward $30 a share during the next three weeks, this person said.

See:

http://www.bloomberg.com/news/2013-11-08/twitter-resists-investor-frenzy-to-avert-facebook-ipo-flop-redux.html

 

Hey, everybody has their right to an opinion. Besides, if they are right, I'll be there to buy more at a cheaper price, as I did with Facebook.

 

-- Jack Krupansky